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7 . Indian River County Local Housing Assistance Plan <br /> ( IRCLHAPlan ) : The document adopted by the Indian River <br /> County Board of County Commissioners which provides the <br /> operating guidelines , procedures , and strategies of the <br /> Indian River County Local Housing Assistance Program , <br /> 8 . Indian River County Local Housing Assistance Program <br /> ( IRCLHAProgram ) : The program established by the Indian <br /> River County Board of County Commissioners which <br /> distributes funds contained within the Indian River <br /> County Local Housing Assistance Trust Fund in order to <br /> encourage the provision of affordable eligible housing <br /> for eligible persons in Indian River County . <br /> 9 , Indian River County Local Housing Assistance Program Loan <br /> Review Committee ( IRCLHAPLRC ) : The committee which <br /> reviews submitted applications for Indian River County <br /> Local Housing Assistance Program participation after said <br /> applications have satisfied an initial application review <br /> conducted by Community Development Department staff or a <br /> third party entity identified by contract to conduct <br /> application reviews . The Committee shall consist of <br /> three members : the Indian River County Community <br /> Development Director or his designee , a financial <br /> institution representative or his or her alternate , a <br /> • member of the Indian River County Board of County <br /> Commissioners or his or her designee , who shall serve as <br /> chairman of the Loan Review Committee . <br /> 10 . Indian River County Local Housing Assistance Trust Fund <br /> ( IRCLHATF ) : The fund created by the Indian River County <br /> Board of County Commissioners which holds funds received <br /> from the State of Florida SHIP Program and other local <br /> sources for distribution through the Indian River County <br /> Local Housing Assistance Program , <br /> 11 . Land Bank : A method by which Indian River County may <br /> acquire residential properties to be sold or granted to <br /> eligible sponsors through the Indian River County Local <br /> Housing Assistance Program , <br /> 12 . Low Income Household : A household with total annual gross <br /> I <br /> ncome between 51 % to 80 % of the county ' s median income . <br /> 13 . Moderate Income Household : A household with total annual <br /> gross income between 81 % to 1200 of the county ' s median <br /> income . <br /> 14 . Notice of Commitment : The written notification issued by <br /> the Indian River County Local Housing Assistance Program <br /> indicating that an eligible sponsor has qualified to <br /> receive assistance from the Indian River County Local <br /> 5 <br />